Source: Insurance Department Resources Report, 2014, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.

Licensed Insurers by State

An insurance company is said to be “domiciled” in the state that issued its primary license; it is “domestic” in that state. Once licensed in one state, it may seek licenses in other states as a “foreign” insurer (referred to as “licensed out-of-state insurers” in the chart below). An insurer incorporated in a foreign country is called an “alien” insurer in the U.S. states in which it is licensed (not included in the chart). The chart also shows self-insured groups and risk purchasing groups (organizations consisting of firms engaged in similar businesses that band together to purchase commercial insurance). Many insurers do business outside their state of domicile. For example, there are only 40 insurance companies domiciled in Alabama, but 1,381 insurers have licenses to do business in the state.

REGULATED INSURANCE ENTITIES BY STATE, 2013

State

Domestic
insurers (1)

Licensed out-of-state
insurers (2)

Chartered self-insured
groups or pools

Chartered purchasing
groups

All companies doing
business in state

Alabama

39

1,386

0

0

1,425

Alaska

7

726

0

2

735

Arizona

125

1,598

24

23

1,770

Arkansas

57

1,480

0

1

1,538

California

148

1,120

0

39

1,307

Colorado

48

1,433

9

39

1,529

Connecticut

109

1,202

0

25

1,336

D.C.

50

1,354

0

18

1,422

Delaware

144

1,347

0

168

1,659

Florida

450

1,658

13

49

2,170

Georgia

99

1,555

38

0

1,692

Hawaii

45

1,080

2

7

1,134

Idaho

15

1,408

11

3

1,437

Illinois

354

1,372

17

140

1,883

Indiana

163

1,639

12

17

1,831

Iowa

214

1,382

2

1

1,599

Kansas

46

1,632

16

16

1,710

Kentucky

36

1,530

13

11

1,590

Louisiana

113

1,434

26

3

1,576

Maine

18

1,103

19

1

1,141

Maryland

65

1,467

6

11

1,549

Massachusetts

89

1,260

21

8

1,378

Michigan

141

1,391

16

7

1,555

Minnesota

157

1,361

17

25

1,560

Mississippi

38

1,479

0

2

1,519

Missouri

177

1,497

9

9

1,692

Montana

44

1,411

0

9

1,464

Nebraska

92

1,437

7

5

1,541

Nevada

60

1,486

9

6

1,561

New Hampshire

62

1,060

0

6

1,128

New Jersey

117

1,303

48

38

1,506

New Mexico

25

1,450

4

0

1,479

New York

608

1,149

13

67

1,837

North Carolina

82

1,406

4

0

1,492

North Dakota

32

1,342

2

2

1,378

Ohio

235

1,509

0

23

1,767

Oklahoma

77

1,479

3

5

1,564

Oregon

45

1,483

0

6

1,534

Pennsylvania

265

1,550

17

27

1,859

Rhode Island

29

1,249

1

25

1,304

South Carolina

82

1,585

0

0

1,667

South Dakota

38

1,367

0

0

1,405

Tennessee

62

1,564

8

6

1,640

Texas

408

1,565

6

62

2,041

Utah

64

1,529

0

10

1,603

Vermont

108

1,594

0

8

1,710

Virginia

63

1,658

17

13

1,751

Washington

44

1,410

0

11

1,465

West Virginia

27

1,353

1

2

1,383

Wisconsin

381

1,721

0

7

2,109

Wyoming

6

1,347

0

1

1,354

Total U.S. (3)

6,086

(4)

411

964

(4)

(1) Insurers that are domiciled in the state. Includes property/casualty, life/annuities, health, fraternal, title, risk retention groups and "other."
(2) This category is comprised of insurers designated by the NAIC as "foreign insurers"—i.e., insurers whose state of domicile is other than the state in which it is writing business. There is no total in this column to avoid double counting—i.e., insurers are only included in the figures for states in which they are domiciled.
(3) Totals include U.S. territories and possessions.
(4) No totals shown, so as to avoid double counting. Totals reflect insurers physically located in the state.

Source: Insurance Department Resources Report, 2014, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.